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In the short-run, real GDP can be greater than or less than potential GDP because in the short run the
A) money wage rate is fixed.
B) quantity of capital is fixed.
C) full-employment level of employment is fixed.
D) price level is fixed.
Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
The Faculty of Economics and Administrative Sciences is considering to throw a party to its students. The marginal benefits to the students are given by MB=1200-Q2.
If I sell 22,000 units and my annual costs are technology=$5000, postage & handling=$1000, Misc=$3000, inventory=$2000, equipment=$4000, and overhead=$1000. What would my monthly costs be if my fixed costs are technology, equipment, and overhead.
Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
q.1. what factors are important in determining the length of the imitation lag and the length of the demand lag?
The economy is made up of C and I and is currently at full employment. If consumption is $5 trillion while savings is $1 trillion, what is present investment according to classical economists.
Illustrate what is the present equivalent of the overhaul expenses at time 0. Illustrate what is the yrly equivalent expense during only yrs 5-13.
q1. in the case of the diamond duplicative mineshafts were a waste if economic resources and the law makes them
A goatherd has the cost function c(y) = 2y2, where y is the number of tubs of goat cheese she makes per month. She faces a competitive market for goat cheese,with a price of $40 a tub. How many tubs should she produce per month?
What is the difference between framework convention and a protocol? What are the advantages and disadvantages to a two-stage approach to negotians? Why do most negotiations for globl environmental regimes end up taking a two-stage approach?
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